ADVOKS GLOBAL · KENYA
The Government Financial Management (Kenya Energy-Sector Environment and Social Responsibility Programme Fund) Regulations, 2007
9. Administration of the Fund
Edition: 2020-12-24 · Repealed
9. Administration of the Fund
(1)The officer administering the Fund shall—(a)open and operate a bank account at a bank to be approved by the Minister for the time being responsible for finance into which all the monies due to the Fund shall be paid;(b)supervise and monitor expenditures to ensure compliance with approved annual budgets;(c)cause to be kept books of accounts and other books and records in relation to the Fund of all activities and undertakings financed from the Fund;(d)prepare, sign and transmit to the Controller and Auditor-General, in respect of each financial year and within three months after the end thereof, a statement of accounts relating to the Fund and showing the expenditure incurred from the Fund, and such details as the Minister for the time being responsible for Finance may from time to time direct, in accordance with the provisions of the Public Audit Act, 2003 (No. 12 of 2003); and(e)furnish such additional information as he may deem to be proper and sufficient for the purpose of examination and audit by the Controller and Auditor-General in accordance with the provisions of the Public Audit Act, 2003 (No. 12 of 2003).(2)Every statement of account shall include details of the balance between the assets and liabilities of the Fund, and shall indicate the financial status of the Fund as at the end of the financial year concerned.